Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A total of 440 banks throughout the Federal Deposit Insurance Corp.’s (FDIC) six regions are slated to receive evaluations under a federal anti-redlining law over the second and third quarters of 2021, information released by […]
A batch of 11 enforcement orders by the federal bank deposit insurer in January includes two involving a former loan relationship officer whose actions reportedly led to a $3.3 million loss to his employer bank, […]
Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by federal banking and credit union regulators and the State Liaison Committee of the Federal Financial Institutions Examination Council […]
Credit risk for large, syndicated loans has increased over the last year, according to a report issued Thursday by the federal banking agencies, largely as a result of the financial impact of the coronavirus pandemic. […]
The Advisory Committee of State Regulators for the Federal Deposit Insurance Corp. (FDIC) is slated to hold an open meeting March 18, with that meeting viewable by webcast only (out of an abundance of caution […]
Nine technical assistance videos focusing on fair lending compliance – including fair-lending risk mitigation and preparing for the regulator’s fair lending reviews – were released Tuesday by the Federal Deposit Insurance Corp. (FDIC) for supervised […]
Encouraging institutions to alter loan terms, easing of regulatory reporting requirements, and other supervisory practices in response to the impact of the Texas winter storms were outlined Monday by the federal financial institution regulators in […]
Largely driven by the economic disorder that followed in the wake of the coronavirus crisis, the nation’s banks saw their net income drop off more than 36% – nearly $85 billion – by year-end 2020 […]
The federal bank deposit insurer reported a total of four bank failures in 2020, with those failures estimated to have cost the deposit insurance fund a total of $99.5 million, according to the agency’s annual […]
Changes related to asset threshold relief that would apply to the three versions of bank call reports – and allow banks to use the lesser of year-end 2019 or June 2020 asset levels as a […]
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